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Home Purchase Contract For Sale By Owner
"I need a Home Purchase Contract For Sale By Owner for my 3-bedroom detached house in Ontario, with a purchase price of $750,000 and closing date of March 15, 2025; the contract should include standard property inspection and financing conditions."
1. Parties: Identification and contact details of the seller and buyer
2. Background: Brief context of the transaction and property being sold
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the property including address, lot number, and registered plan
5. Purchase Price: The agreed purchase price and payment structure, including deposit details
6. Deposit: Amount, payment terms, and handling of the deposit
7. Closing Date: Date of completion of the sale and transfer of ownership
8. Title and Ownership: Seller's warranty of clear title and process for title transfer
9. Property Inspection: Buyer's rights and timeframes for property inspection
10. Property Condition: Current condition of the property and any warranties or disclaimers
11. Inclusions and Exclusions: Specific items included or excluded from the sale
12. Representations and Warranties: Standard warranties about the property's condition and legal status
13. Closing Adjustments: How property taxes, utilities, and other expenses will be prorated
14. Risk: Transfer of risk and insurance requirements
15. Default: Consequences of default by either party
16. Notices: How formal communications between parties should be made
17. Governing Law: Specification of Canadian law and applicable provincial jurisdiction
18. Entire Agreement: Standard clause confirming this document represents the complete agreement
1. Financing Condition: To be included when buyer requires mortgage financing to complete the purchase
2. Sale of Buyer's Property: Condition relating to the sale of buyer's existing property
3. Rental Property Provisions: Required if the property is currently tenanted or has existing lease agreements
4. Swimming Pool/Hot Tub Compliance: Required for properties with these features to ensure safety compliance
5. Condominium Provisions: Required for condominium properties, including status certificate review
6. Environmental Concerns: For properties with known or potential environmental issues
7. Heritage Property Requirements: For properties designated as heritage buildings
8. Well and Septic Provisions: For rural properties with private water and sewage systems
9. Survey Requirements: When a new survey is required or existing survey needs verification
10. Chattels Rental: For properties with rented equipment like water heaters or HVAC systems
1. Schedule A - Property Details: Detailed property description, including lot size, boundaries, and improvements
2. Schedule B - Inclusions and Exclusions List: Detailed inventory of items included/excluded from sale
3. Schedule C - Property Disclosure Statement: Seller's disclosure of known property issues and conditions
4. Schedule D - Title Search Results: Summary of title search findings and any encumbrances
5. Schedule E - Property Inspection Report: Findings from property inspection (if completed)
6. Schedule F - Environmental Assessment: Results of any environmental testing or assessments
7. Schedule G - Closing Documents Checklist: List of required documents for closing
8. Appendix 1 - Floor Plans: Current floor plans and property layout
9. Appendix 2 - Property Photographs: Recent photographs documenting property condition
10. Appendix 3 - Permits and Certificates: Copies of relevant building permits and certificates
Authors
Business Day
Buyer
Closing
Closing Date
Completion
Consideration
Deposit
Effective Date
Encumbrances
Fixtures
Good Title
Improvements
Land
Legal Description
Permitted Encumbrances
Personal Property
Property
Property Taxes
Purchase Price
Real Property
Requisition Date
Seller
Statement of Adjustments
Survey
Title
Transfer Documents
Vacant Possession
Chattels
Deed
Easements
Financing
Home Inspection
Insurance
Land Transfer Tax
Possession Date
Property Disclosure Statement
Registration
Title Insurance
Utilities
Warranties
Property Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Inspection
Warranties and Representations
Closing Conditions
Property Condition
Risk and Insurance
Default and Remedies
Property Access
Utilities and Services
Property Tax Adjustments
Governing Law
Assignment
Survival
Notice
Time of Essence
Further Assurances
Severability
Force Majeure
Entire Agreement
Amendment
Counterparts
Registration
Legal Compliance
Environmental Matters
Dispute Resolution
Title Insurance
Property Disclosure
Fixtures and Chattels
Zoning Compliance
Survey Rights
Termination Rights
Real Estate
Legal Services
Financial Services
Insurance
Property Development
Construction
Property Management
Banking
Public Administration
Title Services
Legal
Real Estate Operations
Property Administration
Document Processing
Risk Management
Compliance
Title Services
Mortgage Services
Property Assessment
Customer Relations
Property Owner
Real Estate Lawyer
Title Examiner
Mortgage Specialist
Property Appraiser
Home Inspector
Legal Counsel
Conveyancing Clerk
Property Administrator
Municipal Planning Officer
Insurance Underwriter
Banking Officer
Notary Public
Property Surveyor
Legal Document Specialist
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